Estonian stabilisation reserve increased by 14 mln euros in 2012

As of the end of last year 2012, the Estonian stabilisation reserve volume was 344 million EUR in acquisition value and 347 million EUR in market value, LETA/Public Broadcasting reports.

The volume of the reserve grew by
1.5 million EUR in market value in the fourth quarter of 2012 as compared to
the third quarter and by 14 million EUR in a year, said the finance ministry.

In the fourth quarter, 1.1 million
EUR was paid into the fund based on laws; in a year, 10.7 million EUR was paid.

The stabilisation fund yield was
0.58% in the fourth quarter and 0.99% in a year.

Stabilisation reserve means are
mainly invested in bonds of low credit risk EU states (68.8%) and bonds and
deposits of credit institutions (31.2%). The biggest share is in government
bonds of Holland (19.2%) and Belgium (16.8%) and a deposit in Nordea (14.2%).

The reserve was created in 1997 to
hedge economic risks and guarantee stability of investments and structural
changes aiming to create long-term social benefits. The reserve can also be
used for military readiness or mobilisation.

Circular economy for modern growth: EU and the Baltics EU’s circular economy plans are aimed at efficient use of natural resources and raw materials, waste disposal, while fostering energy savings and reducing CO2. Adequate actions in the Baltic States would contribute to “closing the loop” of product lifecycles through greater recycling and re-use, while bringing benefits to environment, business and economic growth.